Shana

NIOPDC:

Over 136m liters of gasoline distributed across Iran on March 18

SHANA (Tehran) – The daily gasoline consumption in Iran reached over 136 million liters on Tuesday, March 18, 2025, as the country saw an increase in travel at the start of the Nowruz holiday season.

Sepehr, Jufair fields crude production hits 64,000 barrels per day

SHANA (Tehran) – The CEO of Pasargad Exploration, Development, and Production Company announced that oil production from the Sepehr and Jufair fields increased to 64,000 barrels per day by the end of the Iranian year 1403 (March 2024).

Paknejad says oil industry acts as pillar of Iran’s independence, resilience

SHANA (Tehran) – Mohsen Paknejad, Iran’s Minister of Oil, in a message marking the anniversary of the nationalization of the oil industry, stated that the oil sector stands as a steadfast pillar of the nation’s independence and a clear symbol of the Iranian people’s capabilities.

Paknejad:

Winter fuel supply showcases magnificent collaboration in vast oil industry

SHANA (Tehran) – Oil Minister Mohsen Paknejad thanked all industry colleagues for their relentless, round-the-clock efforts to secure winter fuel supplies, stating: “What transpired was a display of magnificent collaboration, interaction, and tireless work across various managerial, operational, and administrative levels in the vast oil industry to meet the nation’s energy needs.”

Jacket platform for Belal gas field installed in Persian Gulf

SHANA (Tehran) - The installation of the jacket platform for the development project of the shared Belal gas field, located in the reservoir block on the border between Iran and Qatar, has been successfully completed.

President calls for experts to address national deficits

SHANA (Tehran) - President Masoud Pezeshkian urged individuals with solutions to step forward and help resolve the country's imbalances in water, electricity, gas, and financial sectors.

Gov’t spox: Oil minister sanctions are illegal

SHANA (Tehran) – The government spokesperson, referring to the US action to sanction Iran's oil minister, stated that the "illegal sanctions" demonstrate that the oil minister has been performing his duties effectively.

Minister:

Iran aims to collect 16 bcm of APG by end of Seventh Development Plan

SHANA (Tehran) – Iran’s Oil Minister Mohsen Paknejad stated that burning associated petroleum gas (APG) signifies the waste of the country’s natural resources.

NPC:

Strategic studies essential for petchem industry development

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the need to diversify target markets and identify opportunities and challenges for the development of Iran’s petrochemical industry over the next 20 years.

Oil Nationalization, a Beginning for Modern Iran

SHANA (Tehran) – As public protests against the Iran-Britain Oil Concession gathered steam and Mohammad Mosadeq led a parliamentary campaign relying on popular support, the Iranian petroleum industry was nationalized in March 1951, immediately after which Anglo-Iranian Oil Company (AIOC) was expropriated.

Parliament fully supports Oil Ministry

Senior MP: Sanctioning oil minister violates international law

SHANA (Tehran) – The head of the Iranian Parliament’s Energy Committee stated that the sanctioning of the oil minister is a violation of international rules and laws, emphasizing that members of the Energy Committee and other parliament representatives stand firmly with the Oil Ministry and support its efforts.

Energy Committee strongly supports oil minister after US sanctions

SHANA (Tehran) – The head of the Energy Committee, along with its members, visited the Ministry of Oil to express the Iranian parliament’s strong support for the oil minister following the imposition of US sanctions.

Gasoline reserves boosted for Nowruz with 8m liter production increase

SHANA (Tehran) – The CEO of the National Iranian Oil Products Distribution Company (NIOPDC) announced that gasoline production at the country’s refineries increased by approximately 8 million liters per day in the second half of the current Iranian year, significantly strengthening fuel reserves for the Nowruz holidays.

Energy Market Outlook in New Syria

SHANA (Tehran) –Since the early 2000s, the Syrian energy market has experienced significant development with some turning points in 2011 and afterwards. Primarily characterized by relative self-sufficiency and export capabilities, the market is now known for its sharp decline, dependence on foreign countries, and paralyzing sanctions.

An Eight-Year Success Story

OPEC+ Market Stabilization Efforts

SHANA (Tehran) –The dawning of the year 2025 marked a significant anniversary in the history of the global oil industry, for it was eight years ago, in January 2017, that the ‘Declaration of Cooperation’ (DoC), signed between OPEC and 10 non-OPEC oil-producing countries became operational.

NIORDC announces

Fuel smuggling control with approach of prevention-confrontation

SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) stated that the root cause of a significant portion of fuel smuggling lies in the consumption sector.

MP: Oil minister, oil industry personnel unfazed by US sanctions

SHANA (Tehran) – The deputy chairman of the Iranian Parliament’s Energy Committee stated that the oil minister and hardworking personnel of the oil industry are not afraid of US sanctions and emphasized that such measures will undoubtedly increase their motivation to continue their work.

First VP:

Iran aims to become regional energy hub

SHANA (Tehran) – First Vice President Mohammadreza Aref stated that Iran is striving to become a regional energy hub, emphasizing that achieving this goal is a top priority for the government.

3D seismic survey begins in East Paydar Field

SHANA (Tehran) – A 3D seismic survey is underway in the East Paydar oil field, meticulously planned and supervised by the Petroleum Engineering and Development Company (PEDEC).

South Azadegan crude oil processing unit to launch soon

SHANA (Tehran) – The CEO of the Petroleum Engineering and Development Company (PEDEC) announced that around-the-clock efforts by operational teams are underway to launch the first phase of the crude oil processing unit at the South Azadegan joint field. He stated that the unit will soon begin production.

Sufficient fuel stored in oil depots for Nowruz

SHANA (Tehran) – The CEO of National Iranian Oil Products Distribution Company (NIOPDC) stated that sufficient fuel has been stored in oil depots to ensure proper fuel supply during the Nowruz holidays, and there will be no shortages during the upcoming holidays.

Gov’t spox:

Iran will not yield its share in the global oil market

SHANA (Tehran) – A government spokesperson emphasized that the Ministry of Oil is one of the most critical ministries at the forefront of sanctions.

Kharg oil terminal as hub of Iran’s oil exports meets global standards

SHANA (Tehran) – The CEO of Iran Oil Terminals Company emphasized the critical role of the Kharg oil terminal in the export of the country’s crude oil, stating that all stages of receiving, storing, and exporting oil at this terminal are carried out in strict compliance with international standards and under the supervision of advanced quality control laboratories.

SPGC delivers 46,000 MW of electricity to national grid

SHANA (Tehran) – The acting head of joint operations at the South Pars Gas Complex (SPGC) announced that the Besat Power Plant, part of the South Pars Gas Complex, has delivered more than 46,000 megawatts of electricity to the national grid through significant efforts and the dedication of its staff.

Foreign Ministry Spox condemns sanctions on oil minister

SHANA (Tehran) – The spokesperson for the Ministry of Foreign Affairs strongly condemned the US action to sanction several individuals, including the oil minister of the Islamic Republic of Iran, as well as multiple oil tankers and commercial companies.

Energy imbalance requires public cooperation: President

SHANA (Tehran) – President Masoud Pezeshkian emphasized that resolving the country's energy imbalance requires public cooperation, noting that Iran's natural gas consumption exceeds that of wealthy European nations, despite their higher financial capacity and efficient energy management.